Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.029%

Price spread now: GRVT against Injective+2.181%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 2.181% dearer against Injective than usual: you sell high and buy low (spread +2.181% now, against zero (this spread has no 7-day history yet)): +$218 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BABA/USDC PERP	115.84	0.0033	pay 0.0004% / 1h	57m 06s	$11K	$26K	12x
Short	GRVT BABA_USDT_Perp	118.37	0.0005	get 0.0005% / 8h	3h 57m	$3K	$193K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee GRVTbpOrdersPrice spread, now +2.181%Rate

Funding earned: −$5.95
Price spread: +2.181% → 0.000%: $218.11
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $203.14
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; GRVT: live order book, 60 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell GRVT live order book, 60 min ago	2.93 bp	7.6 bp −$8	39.9 bp −$399	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BABA on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BABAUSDT	0.0000%	8h	118.24	+2.073%	$70K	$35K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	118.32	+2.141%	$2.1M	$698K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	118.34	+2.158%	$1.5M	$1.9M	50x	as long as short
SunX BABA-USDT	0.0000%	8h	118.35	+2.167%	$882	$3.4M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	118.49	+2.288%	$30K	$18K	20x	as long as short
GRVT BABA_USDT_Perpshort	+0.0005%	8h	118.37	+2.181%	$3K	$193K	10x
Lighter BABA	+0.0032%	1h	118.40	+2.210%	$377K	$73K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	118.32	+2.141%	$438K	$507K	10x	as long as short
Injective BABA/USDC PERPlong	+0.0033%	1h	115.84	long leg	$11K	$26K	12x
Arcus BABA-USD	+0.0040%	1h	118.29	+2.115%	$72K	$109K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BABA-USD-PERP	+0.0046%	1h	118.36	+2.175%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	118.23	+2.063%	$11.9M	$4.2M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	118.28	+2.106%	$9K	$266K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	118.28	+2.106%	$238K	$406K	10x	as long as short
QFEX BABA-USD	+0.0056%	1h	118.34	+2.158%	$1.2M	$4.1M	10x	as long as short
Variational Omni BABA	+0.0058%	8h	118.29	+2.119%	$266K	$658K	—	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	118.24	+2.072%	$616K	$468K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	118.34	+2.158%	$2K	$798	10x	as long as short
Extended BABA_24_5-USD	+0.0136%	1h	118.31	+2.131%	$44K	$355K	10x	as long as short
Binance BABAUSDT	+0.0137%	8h	118.34	+2.160%	$15.6M	$30.4M	20x	as long as short
Phoenix BABA	+0.0201%	1h	118.34	+2.158%	$66K	$90K	10x	as long as short
Bitget BABAUSDT	+0.0450%	8h	118.32	+2.141%	$2.4M	$1.7M	20x	as long as short